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tasks, we show that robots may reduce employment and wages, and that the local labor market effects of robots can be … estimated by regressing the change in employment and wages on the exposure to robots in each local labor market—defined from the … national penetration of robots into each industry and the local distribution of employment across industries. Using this …
Persistent link: https://www.econbiz.de/10012960156
created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor …
Persistent link: https://www.econbiz.de/10012992141
employment. Our task-based framework emphasizes the displacement effect that automation creates as machines and AI replace labor …
Persistent link: https://www.econbiz.de/10012930347
in non-AI positions. We find no discernible relationship between AI exposure and employment or wage growth at the …
Persistent link: https://www.econbiz.de/10014089653
account for 20% of manufacturing employment and value added. Consistent with theory, robot adopters experience significant … declines in labor share and the share of production workers in employment, and increases in value added and productivity. They … expand their overall employment as well. However, this expansion comes at the expense of their competitors (as automation …
Persistent link: https://www.econbiz.de/10013307903
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail to be realized when democracy is captured by the...
Persistent link: https://www.econbiz.de/10013071520